In a system of 100-percent-reserve banking,
a. banks do not accept deposits.
b. banks do not influence the supply of money.
c. loans are the only asset item for banks.
d. All of the above are correct.
b
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An open-market purchase of T-bonds by the Fed causes the money supply to
A. fall and bond prices to fall. B. rise and bond prices to fall. C. rise and bond prices to rise. D. fall and bond prices to rise.
Name at least four institutional structures that promote and sustain modern economic growth. What other factors also influence a nation’s capacity for economic growth?
Please provide the best answer for the statement.
When comparing the gap in measured health care outcomes between the United States and Canada, the U.S. health care system stacks up poorly in terms of life expectancy and infant mortality
Much of that gap can be attributed to which of the following occurrences in the United States? A) obesity B) accidental deaths C) low-birthweight babies D) a combination of all of the above
The principle of comparative advantage essentially states that
A) there are some goods for which the opportunity costs of production are the same regardless of who produces them. B) some goods have high opportunity costs and low absolute costs. C) specialization can reduce output rather than increase it. D) total output of an economic system is greatest when each good is produced by those who have the lowest opportunity cost of producing the good.